Stellar Corp. had the following shares issued and outstanding for all of 20X9: 300,000 common shares; 30,000 9%, Class A non-cumulative preference shares with a par value of $100 each; and 35,000 6%, Class B cumulative preference shares with a par value of $100 each. Select information is provided below for the company's year ended December 31, 20X9:

Net income for the year — $4,560,000Dividends on common shares — paid $50,000; declared $80,000Dividends on Class A preference shares — paid $250,000; declared $270,000Dividends on Class B preference shares — paid $420,000; declared $230,000

 What was the net income available to the common shareholders for 20X9?

Answer rating: 100% (QA)

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